Given the following returns, what is the variance? Year 1 = 15%; year 2 = 3%; year 3 = -29%; year 4 = -1%.

Select one:

a. 0.0137

b. 0.0468

c. 0.0347

d. 0.0398

e. 0.0182

Warners Inc. has a 5.5%, semiannual coupon bond outstanding with a current market price of $978.90. The bond has a par value of $1,000 and a yield to maturity of 5.76%. How many years is it until this bond matures?

Select one:

a. 44.38 years

b. 11.10 years

c. 27.21 years

d. 22.19 years

e. 12.27 years

please answer all questions, thank you.